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Belarus Sets Legal Framework for Cryptobanks Under Tight Oversight
Belarus signed a presidential decree this week, according to the decree, creating a legal framework for cryptobanks that integrates token-linked services into the regulated financial system. Applicants must be residents of the Hi-Tech Park and register with the National Bank, and they will operate under dual supervision. Officials say the structure aims to enable innovation while maintaining strong control.
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South Korean academics oppose 15–20% crypto exchange stake cap, January 16, 2026
South Korean business academics pushed back against a proposal to limit major shareholders' stakes in crypto exchanges to 15–20%. At a January 16 session in Seoul, they warned of property-rights and constitutional issues, while regulators say the aim is to curb governance risks. Separately, FSC guidelines would allow listed firms and professional investors to allocate up to 5% of equity capital to digital assets.
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Tudou Guarantee linked to Huione winds down after $130M USDT refunds reported by Bitrace
Tudou Guarantee, a Telegram-based escrow service tied to Huione Group, has reportedly begun winding down after returning around $130 million in USDT to public merchants since early 2026. The move, which followed an announced shutdown on its Telegram channel, could slow phishing and pig butchering schemes that flourished on the platform and had previously been linked to tens of billions of dollars in crypto transactions.
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Google Play to Remove Non-Compliant Crypto Exchanges in South Korea from January 28
Starting January 28, Google Play will require crypto exchanges and wallet apps serving South Korea to provide proof of FIU VASP registration, with noncompliant titles removed and new installs blocked. The policy compels uploading a Report Receipt Complete document via the Developer Console and could affect overseas platforms lacking domestic corporate status and ISMS certification.
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Citron Research Backs Securitize and Criticizes Coinbase Over Opposition to US CLARITY Crypto Bill
Citron Research has publicly endorsed tokenization platform Securitize while accusing Coinbase of resisting a key US crypto market structure bill out of competitive concerns. Following Citron's comments, shares of Cantor Equity Partners II, the SPAC set to merge with Securitize in the first half of 2026, briefly surged around 10% as Coinbase stock fell nearly 4% on the same day.
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